Emily Jackson (Social Security number 765-12-4326) and James Stewart (Social Security number 466-74-9932) are partners in a partnership that owns and operates a barber shop. The partnership's first year of operation is 2012. Emily and James divide income and expenses equally. The partnership name is J&S Barbers, it is located at 1023 Broadway, New York, NY 10004, and its Federal ID number is 95-676767. The 2012 financial statements for the partnership are presented below.

J&S Barbers Income Statement

for the Year Ended December 31, 2012

Gross income from operations.........................................................$371,600

Deductions:

Salaries to employees......................................................................94,000

Payroll taxes.................................................................................10,000

Supplies.......................................................................................9,000

Rent...........................................................................................45,000

Depreciation...................................................................................5,100

Short-term capital loss.......................................................................2,000

Charitable contributions........................................................................500

Net income................................................................................$206,000

Partners' withdrawals (each partner) ..................................................$ 80,000

Emily lives at 456 E. 70th Street, New York, NY 10006, and James lives at 436 E. 63rd Street, New York, NY 10012.
Required:
Complete Emily and James' Form 1065, Schedules K-1, and any other appropriate schedule(s) you need from pages 10-27 to 10-36 to complete J&S Barbers' tax return. Do not fill in Schedule D for the capital loss, Form 4562 for depreciation, or Schedule B-1 related to ownership of the partnership. Make realistic assumptions about any missing data.

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J&S Barbers Balance Sheet as of December 31, 2012 Assets: $100,850 10,000 Cash Accounts receivable Equipment Accum. depreciation $32,000 (5,100) 26,900 $137,750 Liabilities and Capital Accounts payable Notes payable Partners' capital ($20,000 S 29,750 22,000 contributed by each partner) 86,000 $137,750 U.S. Return of Partnership Income OMB No. 1545-0099 Form Department of the Treasury 2011, ending 2011 For calendar year 2011, or tax yeer beginning … Revenu A Principal business B Principal product or servicaPrintNumber, street, and room or suite no. I aP.O, box, see the instructions Date business started С Business code rumbar or lown, state, and ZIP code F Toal assens (see the G Check applicable boxe:1 niial refunFi □ Technical termination-also check (1) or C2) um3Name change 4) Address dhane)Armended retum (6) H Check accounting method: Cash I Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year JChck if Schedules C and M-3 are attached. Accrual other (specify) Caution. include only trade or business income and axpenses on lines 1a through 22 below. See the instructions for more information 1a Merchant card and third-party payments (including amounts reported on Form/s) 1099-K). For 2011, enter-0- b Gross receipts or sales not reported on line 1a (see instructions) 1b c Total. Add lines 1a and 1b d Returns and allowances plus any other adjustments to line 1a (see instructions) 1d e Subtract line 1d from line 1c 2 Cost of goods sold (attach Form 1125-A) 3 Gross profit. Subtract line 2 from line 1e.. 4 Ordinary income (loss) from other partnerships, estates, and trusts (attach statement 5 Net farm profit (loss) (attach Schedule F (Form 1040)).. .5 6 Net gain (loss) from Form 4797, Part I, line 17 (attach Form 4797) 7 Other income (loss) (attach statement).. . - - 8 Total income 9 Salaries and wages (other than to partners) (less employment credits) Combine lines 3 h 7 10 Guaranteed payments to partners 11 Repairs and maintenance. 10 12 Bad debts 13 Rent 13 15 Interest .15 16a Depreciation (if required, attach Form 4562) 16a b Less depreclation reported on Form 1125-A and elsewhere on return 16b 16c 9 Salaries and wages (other than to partners) (less employment credits) 10 Guaranteed payments to partners. 11 Repairs and maintenance 10 12 Bad debts 12 13 13 Rent 14 Taxes and icenses 15 Interest 16a Depreciation (if required, attach Form 4562) 15 16a b Less depreciation reported on Form 1125-A and elsewhere on return 16b 17 Depletion (Do not deduct oil and gas depeon ..- - 8 Retirement plans, etc. 18 19 Employee benefit programs 20 Other deductions (attach statement) 21 Total deductions. Add the amounts shown in the far right column for lines 9 through 20. 21 22 Ordinary business income 16c 17 19 Subtract line 21 from line 8 Under penalties of perjury, I declare thet I have examined this return, including sccompanyýing schedules and statements, and to the best of my knowledge and belief, it is true, correct, and oompita. Declaration of preparer ther than general partner or limited liablity company member manager is based on al informaltion of which preparer has amy kriowledge Sign Signature of ganeral partner or limited liablity company member manager PrinwTypa preparer's name Preparer's signature Date PTIN Check □ self- emp Firm's EIN Phone no. Paid Use Only Fim' For Paperwork Reduction Act Notloe.ธ00 00parate instructions' Firm's address Cat. No. 113902 Fom 1065 2011 Form 1065 12011) Page 3 Yes No 5 Did the partnership file Form 8893, Election of Partnership Level Tax Treatment, or an election statement under section 6231(a)(1B)i) for partnership-level tax treatment, that is in effect for this tax year? See Form 8893 for more deta Does the partnership satisfy all four of the following conditions? The partnership's total receipts for the tax year were less than $250,000 The partnership's total assets at the end of the tax year were less than $1 million. Schedul extensions) for the partnership return The partnership is not filing and is not required to file Schedule M-3 If "Yes," the partnership is not required to complete Schedules L, M-1, and M-2; Item F on page 1 of Form 1065; or Item L on Schedule K-1 b 1 are filed with the return and fumished to the partners on or before the due date (including d is partnership a publicly traded partnership as defined in section 469(k2)? During the tax year, did the partnership have any debt that was cancelled, was forgiven, or had the terms modifled so as to reduce the principal amount of the debt? Has this partnership filed, or is it required to file, Form 8918, Material Advisor Disclosure Statement, to provide information on any reportable transaction? At any time during calendar year 2011, did the partnership have an interest in or a signature or other authority o 8 9 10 financial account in a foreign country (such as a bank account, securities account, or other financial account)? See the instructions for exceptions and filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts. If "Yes," enter the name of the foreign country. At any time during the tax year, did the partnership receive a distribution from, or was it the grantor of, on transferor to, a foreign trust? If "Yes," the partnership may have to file Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts. See instructions 11 12a Is the partnership making, or had it previously made (and not revoked), a section 754 election? See instructions for details regarding a section 754 election. Did the partnership make for this tax year an optional basis adjustment under section 743(b) or 734b)? If "Yes, attach a statement showing the computation and allocation of the basis adjustment. See instructions b c Is the partnership required to adjust the basis of partnership assets under section 743(b) or 734°) because of a substantial built-in loss (as defined under section 743(d or substantial basis reduction (as defined under section 734(d)? If "Yes," attach a statement showing the computation and allocation of the basis adjustment. See instructions. 13 Check this box if, during the current or prior tax year, the partnership distributed any property received in a nd exchange or contributed such property to another entity (other than disregarded entities 14 At any time during the tax year, did the partnership distribute to any partner a tenancy-in-common or other 15 It the partnership is required to file Form 8858, Information Return of U.S. Persons with Respect To Foreign 16 Does the partnership have any foreign partners? If " 17 Enter the number of Forms 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships, attached 18a Did you make any payments in 2011 that would require you to file Form(s) 1099? See instructions wholly-owned by the partnership throughout the tax year) undivided Interest in partnership property? Disregarded Entities, enter the number of Forms 8858 attached. See instructions Information Statement of Section 1446 Withholding Tax, filed for this partnership. to this retum. Yes," enter the number of Forms 8805, Foreign Partner's es," did you or will you file all required Form(s) 1099? Enter the number of Form(s) 5471, Information Return of U.S. Persons With Respect To Certain Foreign Gorporations, attached to this return Designation of Tax Matters Partner (see instructions) Enter below the general partner designated as the tax matters partner (TMP) for the tax yeer of this retum: Name of Identifying number of TMP TM If the TMP is an entity, name of TMP representative Address of Phone numbe of TMP nted TM Form 1065 (2011 Form 1085 (2011) Page 4 Schedule K Partners' Distributive Share Items Total amount 1 Ordinary business income (loss) page 1, line 22 2 Net rental real estate income (oss) (attach Form 8825 3a Other gross rental income (loss) b Expenses from other rental activities (attach statement) 1 c Other net rental income (loss). Subtract line 3b from line 3a 4 Guaranteed payments 5 Interest income Dividends: a Ordinary dividends... 6a b Qualified dividends 7 Royaities. 8 Net short-term capital gain oss) attach Schedule D (Form 1065) 9a Net long-term capital gain (loss) (attach Schedule D (Form 1065) b Collectibles (28%) gain (loss) c Unrecaptured section 1250 gain (attach statement) 10 11 12 Net section 1231 gain (loss) (attach Form 4797) .. Other income Section 179 deduction (attach Form 4562) 12 13a 13b b Investment interest expense c (1) Type Section 59(e)(2) expenditures: d (2) Amount Other deductions (see inst 13d .. .14a 14a Net earnings (loss] from self-employment b Gross farming or fishing income c Gross nonfarm income 15a Low-income housing credit (section 420(5)) b Low-income housing credit (other) .. C Qualified rehabilitation expenditures(rental real estate) (attach Form 3468) d Other rental real estate credits (see instructions) Type e Other rental credits (see instructions) 15a . 15b 15d 15e . . Other credits Name of country or U.S. possession 151 16a b Gross income from all sources 16 c Gross income sourced at partner level d Passive category g Interest expense 16c Foreign gross income sourced at partnership level e General category f Other | 16f Deductions allocated and apportioned at partner level 16 Deductions allocated and apportioned at partnership level to foreign source income Passive category Total foreign taxes (check one):P Paid Accred i General category 16k 161 16m k Other m Reduction in taxes available for credit (attach statement) n Other 17a Post-1966 depreciation adjustment b c F S ESf 18a Adjusted gain or loss . Depletion (other than oil and gas) d Oil, gas, and geothermal properties-gross income Oil, gas, and geothermal properties-deductions Other AMT items Tax-exempt interest income 19a Distributions of cash and marketable securities .. . b Distributions of other property b c Investment expenses Other items and amounts Form 1065 011) Page 5 Analysis of Net Income (Loss) 1 Net income (loss). Combine Schedule K, lines 1 through 11. From the result, subtract the sum of Schedule K, lines 12 through 13d, and 16 CorporateIndividualIndvidual (active) (pasive)) Partnership()Exampt organization Nominee Other b Limited partners Schedule L Balance Sheets per Books g of tax yoar d of tax yoar 2a Trade notes and accounts receivable. . b Less allowance for bad debts . .. . 7a Loans to partners (or persons related to partners) 8 Other investments (attach statement) 9a Buildings and other depreciable assets 16 17 Mortgages, notes, bonds payable in less than 1 year Other current liabilities (attach statement. 19a Loans from partners (or persons related to partners) b Mortgages, notes, bonds payable in 1 year or more 20 Other liabilities (attach statement).. . Schedule M Reconciliation of Income (Loss) per Books With Income (Loss) per Return Note. Schedule M-3 may be instead of Schedule M-1 in 1 Net income (oss) per books. 2 Income inoluded on Schedule K, lines 1, 2, 3a 6 Income recorded on books this year not included on Schedule K, ines 1 through 11 (emize) a Tax-exempt interest $ 5, 6a, 7, B, 9a, 10, and 11, not recorded on books this year teizel 3 Guaranteed payments (other than 7 Deductions included on Schedule K, lines health insurance) Expenses recorded on books this year not included on Schedule K, lines 1 through 13d, and 16l (itemizej: 1 through 13d, and 16l, not charged against book income this year (temizej: 4 a Depreciation $ 8 Add lines 6 and 7 b 5 Travel and entertainment $ Add lines 1 t 9 Income s(Analysis of Net Income Loss), line 1). Subtract line 8 from line 5 Schedule M-2 Analysis of Partner rs' Capital Accounts 1 Balance at beginning of year 2 Capital contributed: a Cash 6 Distributions: a Cash b Property 7 Other decreases (temizel): b Property 3 Net income (loss) per books 4 Other increases (itemize): 5 Add lines 1 t 8 Add lines 6 and 7 9 Balance at and of yeor, Subtract ine 8 from line Fonm 2011 51112 OMB No, 1545-0099 Schedule K-1 2012 Part III (Form 106) Departmant of the Treasury Internal Revenue Service and Other Items 1 Credits Ordinary business income (loss For calendar year 2012, or tax ear beginning ending 20 2 Net rental real estabe income lloss) Partner's Share of Income, Deductions, Credits, etc Other net rental income ioss 16 Foreign t See back of form and separate instructions. Part Information About t the Partnershi 5Interest income B Partnership's name, addresscity, state, and P oode 5,2012 Ordinsry dividends C IRS Center where partnersh p filed return Check if this is a publicly traded partnership PTP 8 Net short-tem capital gain lloss) Net long term capital gain o5s) e Collectibles Rd%) gan 9 Unrecaptured section 1250 gain 17 Ahermative minimum tax (AMT it E Partner's identtying number F Partner's name,address, city, state, and 2P oode 10 Net section 1231 cain doss 18 Tax-exemot income and General partner or LLC Limited partner or other LLC 1 Other income (os Domestic partner Fareign partner 1 what type of enity is this partner? C5ee retrctions 12 If this partner is a retirement plan (IRA/SEP/Keoghvetcl, check here 19 Distributions (see nstructions 12 Secion 179 dedueion Partner's share of profit, lces, and capital (see instructions Buginingy Profit 20 Cer infomation Check if this is a publicly traded partnership PTP Net short-term capital gain lloss) Part II Inform E Partner's identtying number Net long-term capital gain 17 Ahemative minimum tax (AMT it 9b ollectibles (20%) gan 0ossj F Partner's name,address, city,state, and 2P 9 Unrecaptured section 1250 gain 10 Net section 1231 gain doss 18 Tax-exemot income and General partner or LLO Limited partner or other LLC 1 Other income oss Domestic partner Fareign partner What type of entity is this partner? (see instructions 12 If this partner is a retirement plan (IRA/SEP/Keoghvetcl, check here 19 Distributions (see nstruction 12 Secion 179 dedueion Partner's share of profit, lces, and capital (see instructions Profit 20 Cer infomation K Partner's share of lisbilities at year end: 14 Ser-employmet eamings (oss) Qualfied nonrecourse fnancing Recourse See attached statement for additional information L Partner's capital account anlysis Beginning capital account Capital contributed during the year$ Current year increase decrease)S Ending capital accou Tax basis GAAP Section 704D) book Other lexplain M Did the partner contrbute property with a buit-in gain or kos8? For Paperwork Reduotion Act Notice, seo Instructions for Form 1065 Cat. No. 11394R Schedulo K-1 (Fonm 1086) 2012 Schedule K-1 Form 10 2012 Page This list identifies the codes used on Schedule K-1 for all partners and provides summarized reporting information for partners who file Form 1040 For detailed reporting and filing information, see the separate Partner's Instructions for Schedule K-1 and the instruations for your income tax return Code J Wark opportunity credit . Ordinary business income (loss). Detenmine whether the income (loss) is passive or nonpassve and enter on your return as ftollows See the Partner's Instructions Passive lo85 Passive income Schedule E, line 28, column (c Schedule E, line 28, column Schedule E, line 28, oolmn Sea the Partner's Instructions loss M Credit for increasing research N Credit for emplayer social 8ee the Partner's instructions 2. Net rental real estate income (loss Other net rental income (oss Net income Nat loss Schedule E, line 28, column See the and Medicara taxes Schadule E, line 28, coumn Form 1040, ine 88 Form 1040, ine Ba Form 16. 5. Interest income a. Ordinary dividends A Name of country or 04, Ine E, line 4 B Gross income trom all sources Form 1116 C Gros8 income sourced at &. Net short-term capital gain(oss) 9s. Net long-term capital gain (oss) Schedule D, line 5 Schadule Dline 1 partner lIowal c. Unrecaptured section 1250 gain . Net section 1231 gain (loss Se the Partne's Instructions See the Pariner's 11. Other income (oss) Deductions aVocated and apportioned at partner level Form 1116, Part Form 1116, Part ntarest expanse A Other portloio income foss) See the Partner's Instructions See the Partner's Instructions Deductions alocated and appomianed at partnership lowel to toreign souroe C Sec. 1256 contracts & shraddles Form 6781, Ine D Mining exploration costs recapture Soa Pub. 535 E Cancellation of debt Form 1116, Partl Form 1040, ne 21 or Fom 982 See the Partner's nstructions See the Partner' General 12. Section 179 deduction L Total oreign taxes paid M Total foreign taxe8 Form 1116, Part i Form 1116, Part Il N Reduction in tanes avalable for crecit Form 1116, ine 12 B Cash contrbutions 03096) Foreign trading gross receipts Form 8873 See the Partne's Instructions 8873 E COtal gain property to a 50% F Capital gain p erty (20%) H Investment interest expense J Section 59e2》 expenditures Q Other foreign transactions 309 the Partners Instructions rn(30%) T. Alternative minimum tax (AMT) items A Post-1986 deprecation adustment B Adusted gain or loss C Depletion (other than oil & gInstructions and D Oi,gss, & geothermel-groes incomethe Instructions for E OIL ga5,& 100%) Seo the Form 4952, ine 1 Schedule E, line 19 See the Schedule A, line 23 Schedule A, ine 28 deductions Form 6251 K Deductions-partolo l2% noor) other) A B Tax-exempt interest income Other tax-exempt income Form 1040, ne 8b M Amounts psid for medica insurance Schedue A ine 1 or Fom 1040, line 29 N Educational assistance benelits Se the Partner's Instructions the Partner's Instructions See the Partners Instructions Form 2441, ine 12 19. P Preprodlucive period expenses See the Partner's Instructions Q Commercial revitalization deduction See Form 8582 instructions from retal real estate actvities A Cash and marktable secrities to section37the Partner's Instructions C Other property R Pensions and IRAs Reforestation expense deduction See the Partner's Instructions 20. Other information See Form 8903 instruction8 Form 4952, ine 4a Form 4962, line 5 U Quaified production activities Income Form 8903, Ine 7b Employer's Farm W-2 wages C Ful tax credit information D Qualfied rehabiitation expencitures See the Partner's Instructions Form 8903, ine 17 See the Partner's Instructions W Other deductions Sel-employment eamings (loss) than rental raal estate of energy property 14. See the Partner's Instructions Form 8611, Ine B Note. I you havea section T79 decuction or any partner-evel deductions, see the Partner's Instructions before completing Scheaule SE credit tsection 42(05H A Net enings (os from Schedule SE. Section A or B G Recapture of low-income housing Form 8611, ine8 A B Tax-exempt interest income Other tax-exempt income Form 1040, ne 8b M Amounts psid for medica insurance Schedue A ine 1 or Fom 1040, line 29 N Educational assistanoe beneits Se the Partner's Instructions O Depandant care benefits P Preprodlucive period expenses See the Partner's Instructions Q Commercial revitalization deduction See Form 8582 instructions the Partner's Instructions See the Partners Instructions A Cash and marktable secrities B Distribution stject to section 737 C Other property See lhe Partner's Instructions from retal real estate actvities R Pensions and IRAs Reforestation expense deduction See the Partner's Instructions T Domestic production activities See the Partner's Instructions 20. Other information A Investment income U Quaified production activities Income Form 8903, Ine 7b C Ful tax credit information D Quafed rehabilitation expencitures See the Partners Instructions Form 4136 V Employer's Farm W-2 wages W Other deductions Form 8903, ine 17 See the Partner's Instructions than rantal real estate of energy property 14. Sel-employment eamings (loss) See the Partners Instructions F Recapture of low-inoome housing Form 8611, Ine B Note. I you havea section T79 decuction or any partner-evel deductions, see the Partner's Instructions before completing Scheaule SE credit (section 42005 G Recapture of low-income housing Form 8611, ine8 A Net enings (losal from Schedule SE, Section A or B credit lother C Grogs non-tarm incame See the Partner's Instructions I Recapture of other crecits 8ee the Partners Instructions JLook-back interest-completed See Fom 8697 K Look-back interest-income forecast Soa Fomm 8886 L Dispoeitions of property with 15, Credits A Low-income housing credit (section 420150 from pre-2008 Low-income housing credt oafrom pre-200B buildings section 179 deductions M Rocapture of soction 179 deducion N nerast per se for corporat C Low-income housing credt section 420150 tromm post-2007 buicings Low-income housing credit (other] from post-2007 See the Partner's Instructions O Section 453134 information P Section 453A/) information Q Section 12601bl intomation See the Partners E Quaified rehabiitation expenditures (nental real estane) S CCF nonqualified withdrawals F Other rental real estate credits G Other rental credits H undistributed capital gains credit Form 1040, ine 71; check box a I Aloohal and cellulosic biofuel fuels See the Partner's Instructions T Deplation information-ail and gas U Amortizsion of reforestation costs8 Unrelated business taxable income Preoontribution gain loss 108m infarmation Other infemation b51112 OMB No, 1545-0099 Schedule K-1 (Form 1065) Departmant of the Treasury 2012 Part III and Other Items 1 Credits For calendar year 2012, or tax Ordinary business income (loss Internal Revenue Service ending 20 2 Net rental real estabe income lloss) Partner's Share of Income, Deductions, Credits, etc Other net rental income ioss See back of form and separate instructions. PartIInforma ation the P 5Interest income B Partnership's name, addresscity, state, and P oode Ordinsry dividends 5,2012 b Qualned dividends C IRS Center where partnersh p filed return Check if this is a publicly traded partnership PTP 8 Net short-tem capital gain lloss) ation Net long term capital gain o5s) 17 Ahermative minimum tax (AMT it E Partner's identtying number F Partner's name,address, city,state, and 2P 9 Unrecaptured section 1250 gain 10 Net section 1231 cain doss 18 Tax-exemot income and General partner or LLC Limited partner or other шс 1 Other income (os H Domestic partner Fareign partne 1 what type of entty is this partner? (see retrctions 12 If this partner is a retirement plan (IRA/SEP/Keoghvetcl, check here 19 Distributions (see nstructions 12 Secion 179 dedueion Partner's share of profit, lces, and capital (see instructions Profit 20 Cer infomation K Partner's share of lisbilities at year end: 14 Sef-employment eamings (loss) Qualified norrecourse fnancing Recourse G General partner or LLC 1 Other income (os Limited partner or other LLC member H Domestic partner Foreign parter เง what type of enity is this partner? (see retrctions 19 Distributions 12 If this partner is a retirement plan (IRA/SEP/Keoghvetcl, check here (see nstructions 12 Secion 179 dedueion Partner's share of profit, lces, and capital (see instructions Profit 20 Cer infomation K Partner's share of lisbilities at year end: 14 Sef-employment eamings (loss) Qualified norrecourse fnancing Recourse See attached statement for additional information L Partner's capital account anlysis Beginning capital account Capitsl contributed during the ye Current year increase decrease)S Ending capital accou Tax basis GAAP Section 704D) book M Did the partner contrbute property with a buit-in gain or kos8? No If "Yes, attach statement (see instructions) For Paperwork Reduotion Act Notice, seo Instructions for Form 1065. Schedule K-1 (Fonm 1066) 2012 Schedule K-1 (Form 10654 2012 This list identifies the codes used on Schedule K-1 for all partners and provides summarized reporting information for partners who file Form 1040 For detailed reporting and filing information, see the separate Partner's Instructions for Schedule K-1 and the instruations for your income tax return . Ordinary business income (loss). Detenmine whether the income (loss) is passive ar nonpassve and enter on your retum as follows. J Wark opportunity credit Schedule E, line 28, column (c Schedule E. ire 28, oglum Schedule E, line 28, oolmn M Credit for increasing research 2 Net rental real estate incomeloss)Saa tha Partnes Instructions Other net rental income (oss N Crecit for emplayer social Schedule E, line 28·colum @ security and Medicare taxes Schadule E, lina 28,colum Form 1040, ine 88 Form 1040, ine Ba Form 1040, ine 9b B Gross income trom all sources Form 1116 Gros8 income sourced at 2 C &. Net short-term capital gain(oss) Schedule D, line 5 es Net long-term capital gain oss) Schadule D, line 1 289% Rate Gain Workshoot, Ine aregn gross income sourced at Dc. Unrecaptured section 1250 gain . Net section 1231 gain (loss 1. Other income (oss) See the Partne's Instructions Deductions aVocated and apportioned at partner level A Other portloio income floss) See the Partner's Instructions Deductions alocated and appomianed at partnership lowel to toreign souroe C Sec. 1256 contracts& straddles Form 6781, Ine 1 D Mining exploration costs recapture Soa Pub. 535 E Cancellation of debt F Other income (oss) Form 1040, ne 21 or Fom 982 See the Partner's Instructions Total toreign taxes paid M L Total foreign taxe8 N Reduction in tanes avalable for crecit Form 1116, ine 12 Foreign trading gross receipts E Conal gain property to a 50% Instructions Q Other foreign transactions 309 the Partners Instructions T. Alternative minimum tax (AMT) items A Post-1986 deprecation adustment B Adusted gain or loss C Depletion (Oher than oil & gas Instructions and D Oi, gas, &geothermel-groes incomethe Instructions for E OIL gas &geathermal-deductions Form 625 G Contributions(100%) Form 4952, ine 1 J Section 59e2》 expenditures K Deductions-partolo12% noor) Schedule A,Ine 23 Schedule A, ine 28 A Tax-exempt interest income Form 1040, ne 8b M Amounts psid for medica insurance Schedue A ine 1 or Fom 1040, line 29 N Educational assistance benelits Se the Partner's Instructions the Partner's Instructions See the Partners Instructions P Preprodlucive period expenses See the Partner's Instructions Q Commercial revitalization deduction See Form 8582 instructions from retal real estate actvities to section37the Partner's Instructions Reforestation expense deduction See the Partner's Instructions See Form 8903 instruction8 Form 4952, ine 4a Form 4952, ne 5 U Quaified production activities Income Form 8903, Ine 7b Form 8903, ine 17 C Ful tax credit information D Quaed rehabilitation expencitures See the Partners Instructions See the Partner's Instructions than rantal real estate F Recapture of low-inoome housing credit (section 42005 Form 8611, Ine B Note. I you havea section T79 decuction or any partner-evel deductions, see the Partner's Instructions before completing Scheaule SE A Net enings (ossy from Schedule SE, Section A or B G Recapture of low-income housing Form 8611, ine8 M Amounts psid for medica insurance Schedue A ine 1 or Fom 1040, line 29 N Educational assistance benelits Se the Partner's Instructions O Depandant care benefits P Preproductive peñod expensesSethe Partner's Instructions Q Commercial revitalization deduction See Form 8582 instructions A Tax-8xempt interest incame B Other tax-exempt income C the Partner's Instructions See the Partners Instructions Nondeductble expenses A Cash and marktable secrities C Othar Form 2441 , ine 1 from retal real estate actvities to section h37 see the Partner's Instructions Soe the Partner's Instructions R Pensions and IRAs Reforestation expense deduction See the Partner's Instructions T Domestic production activities 20. Other information See Form 8903 instruction8 A Investment income B Investment expenses C Ful tax credit information D Quaed rehabilitation expencitures See the Partners Instructions U Quaified production activities Income Form 8903, Ine 7b Form 4136 Employer's Farm W-2 wages Form 8903, ine 17 See the Partner's Instructions W Other deductions Self-employment eamings (loss han rental real estate) of energy property 14. See the Partner's Instructions F Recapture of low-inoame housing Form 8611, Ine B Note. I you havea section T79 decuction or any partner-evel deductions, see the Partner's Instructions before completing Scheaule SE dit tsection 42( A Net earnings 00 from Schedule SE, Section A or B G Recapture of low-income housing Form 8611, ine8 credit lother C Grogs non-tarm incame See the Partner's Instructions I Recapture of other crecits 8ee the Partners Instructions JLook-back interest-completed See Fom 8697 K Look-back interest-income forecast Soa Fomm 8886 L Dispoeitions of property with 15, Credits A Low-income housing credit (section 420150 from pre-2008 B Low-ncome housing credit C Low-income housing credit section 179 deductions M Rocapture of soction 179 deducion N Interast xperse for corporate oafrom pre-200B buildings section 420150 tromm post-2007 buicings Low-income housing credit (other] from post-2007 See the Partner's Instructions O P Q Section 45310과 imfomaton Section 453A/) information Section 12601bl intomation See the Partners E Quaified rehabiitation expenditures (nental real estane) S CCF nonqualified withdrawals F Other rental real estate credits G Other rental credits H Undistributed capital gsins credit Form 1040, ine 71; check box a I Aloohal and cellulosic biofuel fuels See the Partner's Instructions T Deplation information-ail and gas U Amortizsion of reforestation costs Unrelated business taxable income W Preoontribution gain loss 108m infarmation Other infemation